RHB BANK BERHAD

KLSE (MYR): RHBBANK (1066)

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Last Price

6.40

Today's Change

-0.05 (0.78%)

Day's Change

6.36 - 6.45

Trading Volume

5,826,600

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
3 people like this. Showing 50 of 3,922 comments

prudentinvestor

From a low of 5.48 just one and a half months ago to RM6.25 today on top of a15 sen a share interim dividend, I have no complaint about its recent performance. Still a long way to go to match other banks.

1 month ago

pang72

Payment Date
30-Sep-2024

1 month ago

Bursino

DY is coming down fast. Now 6.34. If it goes down lower, to consider cash conversion.

1 month ago

prudentinvestor

DY is still a very high 6.4%, more than twice local banks' 12 month fixed deposit rates. PE is still lower than 10.

1 month ago

Tehkim1295

NEXT 5 YEARS OUTLOOK NUMBERS

Retailers can use some basic mathematics to understand how management set the expectations on growth & payouts

i) ROE – widely used metric to indicate management efficiency. Let’s assume in the next business plan, a 10% sustainable, achievable target is set.

ii) EPS growth – Management to set. Let’s assume they look at 3 scenarios of high, medium, low growths.

iii) Dividend payout ratio – DPR is surprisingly a useful lever used to manage i) & ii)

We work out some calculations* below and notice the following EPS – DPR mapping:

EPS growth corresponding DPR
High 4.5% 55%
Med 3.5% 65%
Low 2.5% 75%

Calculations*:
DPR 55.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 40 32
10% 2025 7.52 75 41 34 4.5%
10% 2026 7.86 79 43 35 4.5%
10% 2027 8.22 82 45 37 4.5%
10% 2028 8.59 86 47 39 4.5%
10% 2029 8.97 90 49 40 4.5%
2030 9.38

DPR 65.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 47 25
10% 2025 7.45 75 48 26 3.5%
10% 2026 7.71 77 50 27 3.5%
10% 2027 7.98 80 52 28 3.5%
10% 2028 8.26 83 54 29 3.5%
10% 2029 8.55 86 56 30 3.5%
2030 8.85

DPR 75.00%
Target ROE BV EPS DV RE Implied EPS growth
10% 2024 7.20 72 54 18
10% 2025 7.38 74 55 18 2.5%
10% 2026 7.56 76 57 19 2.5%
10% 2027 7.75 78 58 19 2.5%
10% 2028 7.95 79 60 20 2.5%
10% 2029 8.15 81 61 20 2.5%
2030 8.35

1 month ago

cheeseburger

market is preparing share price adjustment after pay out next monday. First mover advantage, the rest will follow suit.

1 month ago

prudentinvestor

Too bad, unable to hold above its ex dividend price of RM6.15. Hope it doesn't drop further.

1 month ago

Reggie

Have anyone receive the dividend?

1 month ago

mf


Nikkei 225
38,042.50 38,441.00 37,898.50 -1,779.00 -4.47%

1 month ago

minichart

https://www.minichart.com.sg/2024/09/30/rhb-bank-upgraded-to-buy-amid-strong-profit-growth-and-improved-asset-quality/

Pre-Provision Operating Profit: RHB Bank has demonstrated a strong trend in pre-provision operating profit, contributing to the upgrade in the stock’s rating.
Improving Asset Quality: RHB Bank’s asset quality has shown improvement, which supports the positive outlook for the bank’s future performance.

Thank you

1 month ago

prudentinvestor

When Maybank and CIMB Bank went up, RHB Bank seldom followed but when they dropped, it followed instantly and dropped even more sharply. Sad!

1 month ago

speakup

drop = buying opportunity isn't it? yes? no?

1 month ago

prudentinvestor

Waiting for it to go up and then sell rather than for it to come down and then buy.

1 month ago

Tedinvestor

BUY? Are you confident that the bull is still intact? Unless Federal Reserves cut interests rate or else the ringgit will continue to slide.

1 month ago

prudentinvestor

Yes, buy! Around RM5.50 is a very good buy but that level is a dream price now.

1 month ago

Mytime

I made the right decision about selling Maybank and invested in RHB. Now I owned more units shares in RHB compared Maybank. Paper gains also 50% higher than Maybank. I hope future dividend can maintain at 40 cents

1 month ago

prudentinvestor

Moving up at a snail's speed. If it can consistently inch up by 1sen every week, that would be 52sen or 8% a year. Still not too bad.

4 weeks ago

prudentinvestor

Moving up faster now after HLIB raised its TP to RM7.30 but still a long, long way to catch up with CIMB Bank.

4 weeks ago

stkoay

@prudentinvestor, Congratulation !

4 weeks ago

prudentinvestor

I would be ecstatic if it could reach RM8 a share. Would likely start selling even before it reaches RM8, haha!

4 weeks ago

SilverJoyce

hi

4 weeks ago

GoodBrother

Friend, if you think you have a deep understanding of stocks, you can join me to discuss it.

4 weeks ago

xiaochen

Even turtle can fly high...outside of my expectation.

4 weeks ago

alyson97

Mr GreenTrade, the gain is now 740% compared to my purchase price lol. But I am not that greedy la.... satisfied with almost 200% gain. It was such a good opportunity to have an undervalued bank stock + warrant below its intrinsic value. Not sure if there is such opportunity again.....

4 weeks ago

prudentinvestor

Smart investor. Can get rich fast if you invest in a big way.

3 weeks ago

xiaochen

The push is ready for coming fall.
No eye to see on Monday.

3 weeks ago

xiaochen

Will joint neighbor stock market for the very first time.

3 weeks ago

prudentinvestor

Over the past one year, RHB Bank has just risen by 14.64% (from 5.60 to 6.42) whereas CIMB Bank has gone up by 45.02% (from 5.62 to 8.15). If your forecast is accurate, CIMB investors should be more worried.

3 weeks ago

jeffrey1166

tp can set 8 above

3 weeks ago

jeffrey1166

mm accumulating

3 weeks ago

xiaochen

Haha, no impact at all.

3 weeks ago

prudentinvestor

Some investment banks had predicted a drop when the market opened this morning but it was not the case, fortunately.

3 weeks ago

Bursino

RHB share price hit my TP of 6.50. Since investment banks have upgraded RHB's TP to 7.50, I am now adjusting my TSP to 6.80 accordingly 😁

3 weeks ago

Tedinvestor

Nice

3 weeks ago

pang72

Rhb is lagging to other big bank like mbb, cimb...
It is time to catch up in term of 6%+++ attractive dividend yield

3 weeks ago

pang72

Rhb tp7. 50 still lagging to cimb at $8.20 today 23Oct24

3 weeks ago

prudentinvestor

RM6.51 now. Incidentally it is also the highest in nearly 10 years but still a long way to catch up with CIMB.

3 weeks ago

pang72

Rhb shall at least stand at nta $7.20 which is the only one below nta. Undervalued sia!

3 weeks ago

troy88

Congrats to the patient holders of this dividend stock. Should be gunning for RM7 soon..

3 weeks ago

pang72

The only 6% dividend yield bank below $10

3 weeks ago

prudentinvestor

HLIB has lifted its net profit estimates for RHB Bank by 4%-5% or around 3sen a share for the financial year ending Dec 31, 2024. This means it's EPS would come in at around 70sen a share. Assuming a conservative PE of 10, this would mean RHB is worth at least RM7 a share.

3 weeks ago

pang72

Rhb is cheapest bank...
70c eps is amazing

3 weeks ago

prudentinvestor

Should be trading at above RM7 a share instead of below RM6.50. Hopefully this is achievable after the release of its third quarter financial results.

1 week ago

prudentinvestor

Since climbing above RM6 a share two months ago, it has not dropped before RM6 again. Good chance that its share price could scale higher.

1 week ago

pang72

Under new president Trump must hide inside dividend stock

1 week ago

prudentinvestor

Banks should do well this year. DBS bank has turned in a record third quarter profit, with an eps of SGD0.98 despite a 1 for 10 bonus issue earlier this year.

6 days ago

Bursino

Sell RHB to add AmBank. AmBank traditionally announce dividend with Q3 results. any upwards gain in price from both of them is likely to be at par. 🤔

6 days ago

prudentinvestor

Only 6sen a share for the past two years. RHB Bank's yield is still much better though AmBank has a lower PE. It is OK if there is no brokerage. I would commit fresh capital rather than sell my RHB in exchange for another bank counter.😲😲😲

6 days ago

Bursino

Sensible. Thanks.

6 days ago

pang72

Yes! Agreed.

5 days ago

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